Clipper Realty Inc. Announces Quarterly Dividend of $0.10 (NYSE:CLPR)

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) declared a quarterly dividend on Thursday, October 31st, NASDAQ reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.095 per share on Wednesday, November 27th. This represents a $0.38 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Wednesday, November 13th.

Clipper Realty Stock Performance

Shares of NYSE CLPR traded down $0.69 during midday trading on Friday, hitting $5.89. 187,671 shares of the stock traded hands, compared to its average volume of 79,859. Clipper Realty has a one year low of $3.38 and a one year high of $7.12. The business has a 50 day moving average price of $5.63 and a two-hundred day moving average price of $4.52. The company has a market cap of $94.71 million, a PE ratio of -18.84 and a beta of 1.34.

Clipper Realty (NYSE:CLPR - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.16). The business had revenue of $37.35 million during the quarter, compared to the consensus estimate of $35.80 million. Clipper Realty had a negative net margin of 2.54% and a negative return on equity of 85.95%. During the same quarter last year, the company earned $0.13 EPS. As a group, equities research analysts forecast that Clipper Realty will post 0.48 EPS for the current fiscal year.

Clipper Realty Company Profile

Clipper Realty Inc NYSE: CLPR is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.